Companies that ordered workers back are discovering that their buildings were sized for a different decade. A wave of office leases signed before 2020 expires over the next eighteen months, and the renewal decisions are forcing companies to confront how much space they actually use. Badge data collected by landlords shows midweek occupancy hovering near sixty percent even at companies with strict attendance policies. Executives are responding by shrinking footprints and upgrading the space they keep. The result is a two-tier market: new, amenity-rich towers are leasing quickly, while older buildings sit half empty.Boardrooms rethink return-to-office mandates as leases come due
